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New York real estate executive pleads guilty to wire fraud

Nightingale Properties CEO Schwartz faces up to 20 years in prison for plot involving Atlanta, South Florida properties
Elie Schwartz, CEO of Nightingale Properties, pleaded guilty to wire fraud in a scheme prosecutors said involved the Atlanta Financial Center, above, and a building in Miami Beach, Florida. (CoStar)
Elie Schwartz, CEO of Nightingale Properties, pleaded guilty to wire fraud in a scheme prosecutors said involved the Atlanta Financial Center, above, and a building in Miami Beach, Florida. (CoStar)
CoStar News
February 13, 2025 | 9:25 P.M.

Elchonon “Elie” Schwartz, CEO of New York-based Nightingale Properties, pleaded guilty to wire fraud in federal court after raising nearly $63 million from investors for what the U.S. Justice Department said was a scheme involving two commercial real estate projects.

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